I've fired off a short email (if you like) on behalf of us...

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lilac

3,542 Posts.

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17/05/23

15:56

Post #: 67825041
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Originally posted by staysafe: ↑

I can see this offer has expired. Are you still in the market for more shares though?

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Originally posted by Freestar: ↑

Are these guys going to list again and if so where are our shares

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Originally posted by arneneo: ↑

30 days of cash left. All previous SPAC deals dead.

Last raise was at $1.05 which was a valuation around US$81m. They only raised $100k at this level which triggered the conversion of convertible notes at the same price. True to form screwing the note holders IMO

Now any raise will be a "down round" if they can even get funding, around 50% from last raise price.

They have a LOI with a financier for $15m to $25m which if becomes binding they will get a bridging loan on the back of it. They were optimistic of it becoming binding, I am not so optimistic.

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Originally posted by hunter00: ↑

Did anyone attend this morning's webinar and can give a brief update?

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Originally posted by Bio1973: ↑

Not all of them, depending on your platform. Mine have been transferred to a holding subregistry but SAS have non ecord , they are still with my bank platform in every way

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Originally posted by ShareProphet: ↑

Hi i held some of these and they have disappeared when delisted from ASX. Where are the stocks now being held? TIA

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Originally posted by forestor: ↑

Perhaps this is a good way to realise the capital Loss and finally be done from this Company. What do you think. F

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I've fired off a short email (if you like) on behalf of us outstanding would be disposers of shares.

The email I took from the Offer Document and I've asked if they have, or would consider extending the period of their Offer.

[email protected] @alternativeliquidity.net>

Perhaps if others were to do likewise it would add some collective weight. Can't hurt.

SAS Price at posting: 1.6¢ Sentiment: None Disclosure: Held
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0 Great analysis

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